[card_zero]

Is FUTO an acronym? https://www.futo.org/about/what-is-futo/ doesn't say.

[cvwright]

You can backronym all kinds of things into it.

But in reality it’s four letters that sound good together. (And for which a domain name was available, I assume.)

[card_zero]

It's also a Nigerian university. But I'll go with "FU Tech Oligopoly".